The Federal Reserve's control of interest rates can significantly impact small businesses. When the Federal Reserve lowers interest rates, it becomes cheaper for small businesses to borrow money, which can stimulate investment and expansion. Conversely, when the Federal Reserve raises interest rates, borrowing becomes more expensive, which can slow business growth and investment. However, the specific impact can vary depending on the individual circumstances of each small business.
Economics can be intimidating to the person who is not well-versed in business and mathematics. This...
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